60,311 Shares in Donnelley Financial Solutions (NYSE:DFIN) Purchased by Moran Wealth Management LLC

Moran Wealth Management LLC bought a new stake in Donnelley Financial Solutions (NYSE:DFIN - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 60,311 shares of the company's stock, valued at approximately $2,636,000. Moran Wealth Management LLC owned 0.21% of Donnelley Financial Solutions at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Huntington National Bank grew its stake in Donnelley Financial Solutions by 20.7% in the fourth quarter. Huntington National Bank now owns 910 shares of the company's stock valued at $57,000 after acquiring an additional 156 shares during the period. Sanctuary Advisors LLC grew its stake in Donnelley Financial Solutions by 3.6% in the fourth quarter. Sanctuary Advisors LLC now owns 11,214 shares of the company's stock valued at $752,000 after acquiring an additional 387 shares during the period. Versant Capital Management Inc grew its stake in Donnelley Financial Solutions by 197.2% in the first quarter. Versant Capital Management Inc now owns 743 shares of the company's stock valued at $32,000 after acquiring an additional 493 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Donnelley Financial Solutions by 3.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,678 shares of the company's stock valued at $921,000 after acquiring an additional 540 shares during the period. Finally, Nuveen Asset Management LLC grew its stake in Donnelley Financial Solutions by 0.4% in the fourth quarter. Nuveen Asset Management LLC now owns 150,204 shares of the company's stock valued at $9,422,000 after acquiring an additional 616 shares during the period. 93.84% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Donnelley Financial Solutions

In related news, insider Craig Clay sold 11,022 shares of the company's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $54.03, for a total transaction of $595,518.66. Following the sale, the insider now owns 143,448 shares in the company, valued at approximately $7,750,495.44. This represents a 7.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 11.90% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Needham & Company LLC reissued a "buy" rating and issued a $72.00 target price on shares of Donnelley Financial Solutions in a research note on Thursday, May 1st. DA Davidson reissued a "buy" rating and issued a $72.00 target price on shares of Donnelley Financial Solutions in a research note on Monday, April 14th.

Donnelley Financial Solutions Stock Up 1.0%

Shares of DFIN stock traded up $0.60 on Friday, hitting $61.62. 587,661 shares of the stock were exchanged, compared to its average volume of 232,162. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $1.70 billion, a P/E ratio of 20.40 and a beta of 1.05. The business has a 50-day moving average of $54.30 and a 200 day moving average of $54.21. Donnelley Financial Solutions has a fifty-two week low of $37.80 and a fifty-two week high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.54. The company had revenue of $201.10 million during the quarter, compared to analysts' expectations of $194.47 million. Donnelley Financial Solutions had a return on equity of 21.80% and a net margin of 11.56%. Donnelley Financial Solutions's revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 earnings per share.

About Donnelley Financial Solutions

Donnelley Financial Solutions, Inc provides innovative software and technology-enabled financial regulatory and compliance solutions in the United States, Asia, Europe, Canada, and internationally. It operates through four segments: Capital Markets Software Solutions (CM-SS); Capital Markets Compliance and Communications Management (CM-CCM); Investment Companies Software Solutions (IC-SS); and Investment Companies Compliance and Communications Management (IC-CCM).